PETRO RIVER OIL CORP
PETRO RIVER OIL CORP
00 0XX
XXXXXX, 00XX XX
XXX XXXX, Xxx Xxxx 00000
December 17, 2018
Xxxx Xxxxx
00 0xx
Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx Xxxxx
Re:
Interest Extension
Dear Xxxx:
Reference is hereby made to (i) that certain Loan Agreement (the
“Agreement”),
dated as of June 18, 2017, entered into by and among Bandolier
Energy, LLC (the “Borrower”) and Xxxx Xxxxx (the
“Lender”), and (ii) that certain Secured Promissory
Note in the principal amount of $300,000 dated June 18, 2018 (the
“Promissory Note”). Capitalized terms used but not
otherwise defined herein shall have the meaning ascribed to such
terms in the Agreement or the Promissory Note.
Xxxx Xxxxx hereby is willing to extend the Maturity Date as set
forth in Section 2.1.1 of the Loan Agreement, from September 30,
2018 to March 31, 2019.
Please execute this letter below to acknowledge and agree to the
Maturity Date extension.
Very truly yours,
By:
/s/
Xxxxxxx
Xxxxxxx
Name: Xxxxxxx
Xxxxxxx
Title:
President
ACCEPTED AND AGREED
By: /s/ Xxxx
Xxxxx
Xxxx
Xxxxx
